French court begins Aigle Azur liquidation, leaving two days for rescue

PARIS, 16 septembre (Reuters) - A French court began the
process of liquidating bankrupt airline Aigle Azur on Monday but
left bidders including Air France-KLM and Air Caraibes
two more days to come back with an acceptable rescue plan, the
CFDT union said.

The Evry commercial court south of Paris ordered Aigle
Azur's liquidation under a "going concern" process that leaves
more time before assets are sold off, setting a midnight
deadline on Wednesday for bidders to improve their offers, the
union said in a statement.
(Reporting by Laurence Frost; Editing by Richard Lough)